Subject: File No. 4-606
From: Peirce C Ward, III
Affiliation: Insurance agent

August 6, 2010

This is a solution in search of a problem. Congress has a 22% favorable rating. Financial advisors have an 80% favorable rating. I don't think we are the problem.
Right now my company
Reads all of my email
opens all my incoming mail
reads all my outgoing mail
studies all my proposals
Is all over me about suitability.
Without having a FINRA agent in my office, how can I be more objective and transparent to everyone?
All that will happen if he have more regulation is that less financial advisors will be helping people and they will be on their own. Isn't that what is keeping congress from privatizing social security?